Analysis and Insights

In Q2 2026, projects raised just $58M through IEOs, ICOs, and IDOs, representing an 85% decline from the previous quarter.

While the S&P 500 has reached new all-time highs above 7,400 points, the total crypto market capitalization remains near $2.15T and well below its previous peak.

While TVL and user growth often dominate blockchain discussions, May once again demonstrated that one of the most important indicators of network strength is its ability to generate actual economic value through blockspace demand.

The AI sector delivered strong performance over the past month, with several projects posting gains of more than 50%, while the top performers more than doubled in price.

In May 2026, tracked DEX volume across chains reached $178.0B.

A new wave of token unlocks is approaching, and several projects still have a significant portion of their supply allocated to venture capital investors. This creates additional supply-side risk, especially in a market environment with limited liquidity.

Amid institutional adoption, the growth of spot ETFs, and declining trust in fiat currencies, major investors and macro analysts continue raising their BTC price targets.

Prediction markets are increasingly emerging as a standalone category within digital financial markets.

The Perps DEX market structure continues to consolidate around a small number of highly liquid venues.

During this time, BTC has grown 701,300-fold (70.13M %), despite 472 claims over that period that “Bitcoin is dead” or it's “going to zero"